Wilsey Asset Management Inc. grew its position in shares of Tyson Foods, Inc. (NYSE:TSN) by 4.3% in the third quarter, Holdings Channel reports. The fund owned 197,916 shares of the company’s stock after buying an additional 8,237 shares during the quarter. Tyson Foods makes up about 6.6% of Wilsey Asset Management Inc.’s portfolio, making the stock its 5th biggest position. Wilsey Asset Management Inc.’s holdings in Tyson Foods were worth $16,723,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TSN. First Trust Advisors LP boosted its position in shares of Tyson Foods by 8.5% during the 1st quarter. First Trust Advisors LP now owns 1,054,245 shares of the company’s stock valued at $73,196,000 after acquiring an additional 82,245 shares during the last quarter. Belpointe Asset Management LLC bought a new stake in Tyson Foods in the first quarter worth $321,000. Meridian Wealth Management LLC bought a new stake in Tyson Foods in the first quarter worth $137,000. Marshall Wace North America L.P. bought a new stake in Tyson Foods in the first quarter worth $319,000. Finally, Rehmann Capital Advisory Group lifted its position in Tyson Foods by 6,668.6% in the first quarter. Rehmann Capital Advisory Group now owns 11,845 shares of the company’s stock worth $822,000 after buying an additional 11,670 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.
A number of analysts recently issued reports on TSN shares. Pivotal Research restated a “sell” rating and issued a $50.00 price target on shares of Tyson Foods in a research report on Monday, August 5th. Mizuho raised their price target on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Thursday, August 8th. Credit Suisse Group raised their price target on Tyson Foods from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Finally, Stephens set a $95.00 price target on Tyson Foods and gave the stock a “buy” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $85.58.
TSN stock traded down $1.64 during midday trading on Wednesday, reaching $82.10. The company’s stock had a trading volume of 132,633 shares, compared to its average volume of 2,158,965. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.59 and a current ratio of 1.33. The stock has a fifty day simple moving average of $86.05 and a two-hundred day simple moving average of $81.12. Tyson Foods, Inc. has a 1 year low of $49.77 and a 1 year high of $94.07. The firm has a market capitalization of $30.49 billion, a price-to-earnings ratio of 13.32 and a beta of 0.44.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.47. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The business had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.95 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, analysts forecast that Tyson Foods, Inc. will post 5.48 EPS for the current fiscal year.
In other news, insider Sally Grimes sold 57,774 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total transaction of $4,910,790.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mary Oleksiuk sold 43,592 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $82.60, for a total value of $3,600,699.20. The disclosure for this sale can be found here. Company insiders own 1.69% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
Featured Article: How is the LIBOR rate calculated?
Want to see what other hedge funds are holding TSN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyson Foods, Inc. (NYSE:TSN).
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.